Reply to I know why Millenials can't afford houses and pay off their student loans..

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Old millennial here -- and OP I tend to agree with you. Of course it isn't one coffee or luxury knife (not that I know what that is) that'll push anyone over the edge, but there is a SERIOUS desire for luxury goods in my generation whether the salary is there or not and a desperation to "follow their passions."

I have a bunch of friends in their upper 20s living with their parents - fine, to each their own. But in my mind, I've always thought that would mean they'd be making double/triple payments on student debt + 18k into the 401k + additional cash savings that can be used for a down payment etc., bc they have no housing or food costs. And across the board each of them has told me -- oh nooo, that's really hard to do. They all work jobs in the 40-60k range -- often in start ups or non profits bc they want to follow their "passion" and can't imagine "selling out" to a Fortune 500 -- and spend a TON of money on coffee, eating out, technology, and constant travel.

My favorite though is a cousin and her DH who are ~32. Wife switches jobs every 18 months and is now in some entry level insurance claims paying job in a major city. Her DH is STILL in school -- studying to be a chiropractor and is taking on decent debt for an endeavor that may or may not lead to sizeable income. And yet they take an international trip EVERY 6 months -- once they went to Asia on the cheap; the rest of the time they are in western Europe and no they aren't backpacking or staying in hostels. [b]I don't understand the constant need to "do what makes them happy."[/b] For course they don't understand my constant need to invest in decidedly non-passionate things like index funds and tell me I'm a "sell out."[/quote]
Wait, seriously? Because it's kind of the point of existing.  Sounds like they are pretty happy with their life, and if you are happy with yours too, what's the problem? Because if you aren't happy you are the one who got it all wrong, not them.[/quote]

Relentless pursuit of pleasure feels great, but doesn't do much for society or, more immediately, being able to take care of yourself, now or in the future.  [/quote]

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